Vistry Group (LON:VTY) Shares Down 16.1% – Here’s What Happened

Vistry Group PLC (LON:VTY) fell 16.1% on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares traded hands during mid-day trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Stock Down 16.1 %

The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The firm’s 50 day moving average price is GBX 768.49 and its two-hundred day moving average price is GBX 1,108. The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14.

Insiders Place Their Bets

In other Vistry Group news, insider Helen Owers purchased 4,000 shares of Vistry Group stock in a transaction dated Monday, October 14th. The stock was acquired at an average cost of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Also, insider Usman Nabi acquired 800,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was acquired at an average price of GBX 931 ($11.67) per share, with a total value of £7,448,000 ($9,336,843.42). In the last ninety days, insiders purchased 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is owned by company insiders.

About Vistry Group

Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers o single family housing model. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.